Abstract
The participation of citizens and communities as partners in energy projects are transforming the energy system. Community enterprise initiatives are offering new opportunities for local residence to get actively involved in energy matters. Meanwhile, the worldwide deployment of digital technology in energy sector has become a trending subject of sorts among industry giants as well as the start-up investor community, with applications ranging from grid transactions, financing and transparency in supply chain. This paper reviewed the community biomass power plants sector to comply with the resolution of the National Energy Policy Council, rules and regulations based on a Porter's Diamond model. The results show that such collaborations between local residents and private sector or private sector with state organisation can lead to win-win situations, digitalizing the community biomass power plant by connect all relevant sectors through digital platform and sophisticated innovation in particular Fintech and IT have important potential implications for the implementation of a range of sustainable development and enhancing security and efficiency of the power plant. It is considered to be of great importance in order to enhances competitiveness and will continue to be supported by the government.
Highlights
Thailand has issued a new regulation setting out criteria and conditions for power purchase agreements (PPAs) for very small power producers (VSPPs) under the Community Power Plants for the Local Economy project
This research aims to comprehensively analyse factors that have significant influences on it using a diamond model, which is a widely recognized model for analysing competitiveness of nations and focuses on Regulations of the Energy Regulatory Commission on power procurement from very small power producers for the Community Power Plant Project for the Local Economy 2020 in Thailand which has been an important development under conditions of collaborative and deliberative cooperation with private sector, governmental, and community enterprise where digital solutions can have the greatest impact efficiency and reliability
A variety of support programmes have been put in place to promote renewable energy development, ranging from tax exemptions, a feed-in premium (FIP)/adder programme and FITs to competitive bidding, to address the various challenges that renewable energy projects face in the early stage of development
Summary
Thailand has issued a new regulation setting out criteria and conditions for power purchase agreements (PPAs) for very small power producers (VSPPs) under the Community Power Plants for the Local Economy project. The Regulation Procurement of Electricity from Very Small Power Producers was issued on April 2, 2020, by the Energy Regulatory Commission (ERC) and published in the Government Gazette on April 10, 2020 [1]. The convergence of digital and physical innovations, together with advances in energy technologies, has begun to impact the industry. These advances help open the way for digitalisation flows in the system, for realtime information, for a smarter combination of energy supply chain as well as enhanced performance from future investment collaboration
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